In actuality, the banks will be happy to receive multiple offers and then make a decision; however, Long Island practice is to submit one...period!
You might be lucky and get your new offer in before the
other buyer gets their counteroffer in.
These shortsales are not always straight forward like a regular
purchase. So I wish you luck. If you really want this house
tell the realtor that and they will tell you what you have to do to
Charles Rutenberg Realty